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Strategies & Market Trends : Americans 4 "No Own - No Sell"

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To: GraceZ who wrote (339)10/4/2001 4:03:22 PM
From: ahhaha  Read Replies (1) of 455
 
What's the big deal about short sales? It represents a small fraction, 2 - 5% of turnover and most of it is hedging or done by pros both of whom do it involuntarily.

The worst game in Wall Street is short selling. The negative expected return on shorting is something like -23%. This is what the public must punish. Then they feel good about themselves like they did in the early '30s when they created all these counter productive laws that achieve the exact opposite of their intent and create another expensive feckless layer of bureaucracy. Well, do you feel protected? Do you?

I'm especially entertained when guys like Templeton and Gates brag about their shorting from the top. You see, they need the money. Templeton proved himself only to be an old fool. He threw out his image to be a player. It must be that Gecko was right, at least according to these smart guys. But don't omit SI clowns like Mr. Pink and Anthony @Pacific. They know how to beat the dealer. Don't you wish you were just like them? How about Gates and Templeton? Or Cramer? Or the clown on this board who doesn't even know what he's complaining about?

The real issue is that they, all of them, have been exposed for what they are, but it has nothing to do with short selling.
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